The video features Mike Maloney, a renowned precious metals and monetary history expert, discussing a historic monetary reset currently unfolding. He emphasizes that this reset will impact everyone globally, and individuals who proactively prepare can benefit through wealth transfer toward them, while those who remain passive will see wealth transferred away. Maloney highlights the rising value and demand for precious metals, especially gold and silver, noting that gold is leading a broader decline in the U.S. dollar’s value. He explains that the current monetary system is flawed, primarily due to the abandonment of the gold standard, resulting in uncontrolled government deficits and inflationary pressures.
Maloney elaborates on the concept of “unaffordium” and “unoptanium,” terms he coined to describe how physical gold and silver become increasingly sought after as prices rise, contrary to typical demand behavior. He points out a short squeeze occurring in the precious metals market driven by physical demand rather than paper trading, exposing the fractional reserve nature of gold trading. The video also addresses global gold demand trends, including Russia’s gold-backed ruble appreciation and the reluctance of central banks to hold cryptocurrencies like Bitcoin compared to gold.
The discussion touches on the challenges and potential economic shocks of returning to a gold-backed currency system, the historical context of monetary standards, and the importance of being early investors in precious metals. Maloney also compares gold to Bitcoin, highlighting gold’s stable mining rate and historic role as honest money versus the largely speculative and volatile nature of cryptocurrencies. Finally, he suggests the U.S. may be moving toward revaluing its gold reserves as part of the reset, contingent on unwinding complex gold lease agreements currently held by the Federal Reserve.
Watch the full video from GoldSilver for further insights and information.
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